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    5715 E Johnson Ave Jonesboro, AR 72401
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    5715 E Johnson Ave Jonesboro, AR 72401

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    • Commercial land
    For Sale
    $1,929,708
    View Listing →
    Highway Frontage Commercial Land For Sale
    $1,929,708

    Highway Frontage Commercial Land

    5.93 acre tract with high visibility on Highway 49.

    5715 E Johnson Ave, Jonesboro, AR 72401
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    Property ID
    US05-0574190
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 5715 E Johnson Ave

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    This 5.93 acre tract complete fronts Highway 49 north which makes it highly visible for any kind of retail, office, or restaurant use. The property also has all utilities in place which would greatly reduce costs for potential developers looking to take advantage of the quickest growing corridor in Jonesboro, AR. NEA Baptist opened their $400 million dollar health care campus a few years ago, and since has added several specialty clinics to its campus to expand services to the community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Jonesboro
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.622635
    Latitude
    35.8637

    Comparable in this City

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      Exceptional 9-acre commercial development opportunity in established trade area.
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      Corner lot with high traffic potential in Jonesboro, Arkansas.
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    • $2,626,668
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      Commercial Land Jonesboro C-3 Zoning

      3.6 acres C-3 zoned land with high traffic.
      800 Southwest Dr, Jonesboro, AR 72401
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    • $399,000
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      Commercial Land on East Nettleton

      2.21 acres of commercial land for sale.
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    • Contact for pricing

      Prime Commercial Land For Sale

      High-traffic commercial land with utilities ready for development.
      5900 E Johnson Ave, Jonesboro, AR 72401
      View Details

    Similar Nearby for Sale

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      Jonesboro Commercial Lot For Sale

      4.665 acre commercial lot, great for development.
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    • $40,000
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      Commercial Lot in Southwest Square

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      Commercial Corner Lot Near Highway

      Corner lot ideal for commercial development near NEA Baptist Health.
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      Jonesboro Land For Sale

      1.31 acre commercial land for development in Jonesboro, AR.
      2804 Creek Dr, Jonesboro, AR 72401
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    • $450,000
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      Jonesboro Land For Development

      1.31 acres of commercial land available for development.
      2808 Creek Dr, Jonesboro, AR 72401
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    • $399,000
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      Commercial Lot on East Nettleton

      2.21 acres of commercial land in Jonesboro, Arkansas.
      3628 E Nettleton Ave, Jonesboro, AR 72401
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Commercial Land For Lease

      Highly visible commercial land available in Jonesboro's retail hub.
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    • $22 SF/Yr
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      Office Space in Medical Corridor

      Professional office space for lease in Jonesboro's medical corridor.
      1107 E Matthews Ave, Jonesboro, AR 72401
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    • $25 SF/Yr
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      Jonesboro Medical/Professional Office Space

      Prime medical/professional office space for lease in Jonesboro, AR.
      901 Osler Dr, Jonesboro, AR 72401
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    • $25 SF/Yr
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      Medical Office Space in Jonesboro

      Prime medical/professional office space for lease in Jonesboro's medical corridor.
      801 Osler Dr, Jonesboro, AR 72401
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    • $5,000 /Mo
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      Jonesboro Commercial Building For Lease

      Commercial building for lease in Jonesboro, Arkansas.
      5900 Johnson Ave, Jonesboro, AR 72401
      View Details
    • $14 SF/Yr
      1,275 SF

      Retail Space in Jonesboro, AR

      High-visibility retail space with strong foot traffic in Jonesboro.
      2929 S Caraway Rd, Jonesboro, AR 72401
      View Details
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    5715 E Johnson Ave
    Jonesboro, AR 72401
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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